Government stops short of more support for households despite putting pressure on energy firms August 11, 2022 Boris Johnson has stopped short of announcing fresh support for energy users to tame spiralling household bills despite the escalating crisis.
Exclusive: BEIS chair slams Government over lack of insulation plans heading into winter August 11, 2022 The Government has exacerbated the energy crisis by failing to ramp up the efficiency of British homes, argued BEIS committee leader Darren Jones.
Government opens consultation on biomass carbon capture and storage August 11, 2022 The Government has unveiled a consultation on biomass powered carbon capture projects in the UK over the next decade.
Exclusive: Energy crisis is a ‘state of emergency’ and the Government has to act now, warns So Energy August 11, 2022 The Government is running out of time to tackle rising household energy bills ahead of winter, warned Simon Oscroft, co-founder of So Energy.
High gas prices are here to stay reveals Investec, as price cap predictions hit £5,000 August 11, 2022 Higher gas prices, including in the summer when demand is supposed to be at its lowest, are a long-term trend argued asset manager Investec.
100,000 rebel Brits pledge non-payment of energy bills by cancelling their direct debits August 11, 2022 Over a hundred thousand people will soon have added their name to a pledge to cancel their direct debits for gas and electricity on 1 October if the government fails to adequately address the crisis of sky rocketing energy bills. The live tally of number of pledges can be viewed at dontpay.uk – currently at [...]
Covid’s lingering impact drags down Petrofac revenues August 11, 2022 Covid-19’s challenges for the industry are still being felt as Petrofac reported declining revenue in the first half of 2022 at $1.2bn (£0.98), a drop from the $1.6bn (£1.3bn) in the same period last year. The energy services company’s net loss was at $14m (£11.4) with EBIT at $2m (£1.6m), a contrast from the $49m [...]
Exclusive: Industry body warns against more stringent windfall tax August 11, 2022 Offshore Energies UK has warned against further tampering to the windfall tax, which it believes would hurt investor confidence.
Today: Govt to hold emergency talks with energy chiefs as anger over spiralling energy bills rises August 11, 2022 Energy bosses will meet with Government tomorrow, to discuss how they can ease pressure on consumers facibng record bills.
Hungary caves to Russian pressure as it pays transit fees for oil supplies August 10, 2022 Hungarian energy group MOL has submitted transit fees to Ukraine, on behalf of Russia, to restart flows of oil crude from the country.